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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest communication services companies by operating income

Operating income is profit from the core business before interest and tax. It strips out financing decisions, so it compares operations rather than balance sheets. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–86 of 86 · Fiscal year 2025 · Data as of September 25, 2026

Verizon Communications (VZ) tops the list with $29.3B in operating income for fiscal 2025, ahead of AT&T ($24.2B) and Comcast ($20.7B). The top 10 together report $149B in operating income; the gap between #1 and #10 is ×11.78. 86 companies in Communication services report operating income, 4.0% of the 2135-filer universe. The last place on the list, Globalstar, comes in at $7.4M.

Operating income
#CompanyOperating incomeYoY15-year trend
1Verizon CommunicationsVZUS$29.3B+2.0%
2AT&TTUS$24.2B+26.8%
3ComcastCMCSAUS$20.7B−11.3%
4T-Mobile USTMUSUS$18.3B+1.5%
5Walt DisneyDISUS$17.6B+12.5%
6NetflixNFLXUS$13.3B+27.9%
7Charter CommunicationsCHTRUS$12.9B−1.6%
8Rogers CommunicationsRCICA$7.0B+0.1%
9FoxFOXAUS$3.1B+45.5%
10Spotify TechnologySPOTLU$2.5B+68.1%
11Thomson ReutersTRICA$2.1B+1.1%
12TelusTUCA$1.7B−17.4%
13Millicom International CellularTIGOLU$1.6B+22.1%
14Sirius XMSIRIUS$1.5B+$3.0B
15VeonVEONAE$1.4B+29.6%
16Versant MediaVSNTUS$1.3B−30.9%
17Live Nation EntertainmentLYVUS$1.3B+51.8%
18TimTIMBBR$1.1B+11.1%
19NewsNWSAUS$923M+57.8%
20Nexstar MediaNXSTUS$849M−33.0%
21Tko GroupTKOUS$835M+2,598.3%
22Ihs HoldingIHSGB$821M+36.0%
23Warner Bros. DiscoveryWBDUS$738M+$10.8B
24Warner MusicWMGUS$694M−15.7%
25Churchill DownsCHDNUS$684M−3.6%
26PearsonPSOGB$669M−3.3%
27Liberty MediaFWONAUS$577M+101.0%
28Vail ResortsMTNUS$560M+14.5%
29WPPWPPGB$504M−70.3%
30Life Time GroupLTHUS$481M+34.6%
31Omnicom GroupOMCUS$445M−80.4%
32New York TimesNYTUS$432M+22.9%
33Planet FitnessPLNTUS$395M+21.7%
34Gray MediaGTNUS$392M−53.9%
35United Parks & ResortsPRKSUS$365M−21.1%
36Clear Channel OutdoorCCOUS$311M+11.3%
37Brightstar LotteryBRSLGB$299M−56.4%
38John Wiley & SonsWLYUS$277M+25.0%
39Mcgraw HillMHUS$277M−9.8%
40Kyivstar GroupKYIVAE$274M−21.3%
41Uniti GroupUNITUS$262M−55.4%
42Iridium CommunicationsIRDMUS$236M+17.8%
43DeluxeDLXUS$232M+20.9%
44CimpressCMPRIE$226M−8.5%
45CriteoCRTOLU$203M+33.9%
46E.W. ScrippsSSPUS$184M−55.4%
47Ziff DavisZDUS$183M+61.1%
48AdeiaADEAUS$175M+36.1%
49SinclairSBGIUS$173M−68.6%
50StagwellSTGWUS$159M+19.5%
51Cinemark HoldingsCNKUS$154M−39.1%
52Lucky Strike EntertainmentLUCKUS$137M−0.3%
53Amc Global MediaAMCXUS$133M+$173M
54Madison Square Garden EntertainmentMSGEUS$122M+9.1%
55Sunrise CommunicationsSNNRFCH$116M−2.8%
56GogoGOGOUS$114M+122.5%
57Liberty Latin AmericaLILAUS$108M+$185M
58ViasatVSATUS$108M+$206M
59Accel EntertainmentACELUS$108M+18.7%
60IdtIDTUS$100M+55.1%
61Lionsgate StudiosLIONCA$97.1M+$115M
62Quad/GraphicsQUADUS$97.0M+405.2%
63Acco BrandsACCOUS$92.3M+$129M
64Rush Street InteractiveRSIUS$87.4M+249.0%
65Onespaworld HoldingsOSW$81.6M+4.6%
66SESSGBAFLU$72.3M+4.4%
67AngiANGIUS$65.4M+198.9%
68Thryv HoldingsTHRYUS$56.7M+$90.0M
69Pursuit Attractions & HospitalityPRSUUS$55.0M+$100M
70Cpi CardPMTSUS$54.8M−12.7%
71EnnisEBFUS$52.7M+1.4%
72Townsquare MediaTSQUS$44.2M+103.8%
73Paradium.AiPAAIUS$40.8M+418.4%
74Reservoir MediaRSVRUS$38.2M+9.0%
75IqiyiIQCN$32.8M−86.8%
76Atn InternationalATNIUS$28.4M+$29.2M
77MNTNMNTNUS$24.0M+$25.7M
78GrouponGRPNUS$23.6M+168.8%
79New Royal Holdco IGDENUS$21.5M−80.8%
80CalixCALXUS$21.0M+$64.0M
81Xponential FitnessXPOFUS$19.8M+$73.5M
82Spok HoldingsSPOKUS$19.7M+3.9%
83MarcusMCSUS$17.1M+5.5%
84ScholasticSCHLUS$15.2M−3.8%
85Madison Square Garden SportsMSGSUS$14.8M−89.9%
86GlobalstarGSATUS$7.4M+$8.4M

All figures from SEC filings · FY2025 · 86

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{{cite web |title=Largest communication services companies by operating income |url=https://companiesranked.com/en/largest-communication-services-companies-by-operating-income |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest communication services companies by operating income. CompaniesRanked. https://companiesranked.com/en/largest-communication-services-companies-by-operating-income

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@misc{companiesranked-en-largest-communication-services-companies-by-operating-income-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest communication services companies by operating income}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-communication-services-companies-by-operating-income}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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